Two Thousand Style: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Two Thousand Style
Largest movements
- Receivables within one year +€18,137
up €18,137 (+55.8%), from €32,510 to €50,647
of which Trade receivables: +€16,090
- Cash +€13,630
up €13,630 (+302%), from €4,515 to €18,144
mainly Net result for the year (+€23,400) and Current portion of long-term debt (+€8,000)
- Reserves +€23,400
up €23,400 (+1,259%), from €1,859 to €25,259
of which Distributable reserves: +€23,400
- Current portion of long-term debt +€8,000
new in 2025: €8,000
- Tax, wage and social debts +€5,348
up €5,348 (+76.9%), from €6,956 to €12,304
- Trade debts -€5,032
down €5,032 (-67.6%), from €7,447 to €2,415
- Gross operating margin +€39,852
up €39,852, from -€660 to €39,192
- Taxes +€12,696
up €12,696 (+982%), from €1,293 to €13,988
- Other operating charges +€1,569
up €1,569 (+256%), from €613 to €2,182
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,997 | €69,714 | +€31,716 | +83.5% |
| Fixed assets | 21/28 | €973 | €798 | -€174 | -17.9% |
| Tangible fixed assets | 22/27 | €473 | €298 | -€174 | -36.9% |
| Furniture and vehicles | 24 | €473 | €298 | -€174 | -36.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €37,025 | €68,916 | +€31,891 | +86.1% |
| Amounts receivable within one year | 40/41 | €32,510 | €50,647 | +€18,137 | +55.8% |
| Trade receivables | 40 | €5,538 | €21,627 | +€16,090 | +291% |
| Other amounts receivable | 41 | €26,972 | €29,020 | +€2,047 | +7.6% |
| Cash at bank and in hand | 54/58 | €4,515 | €18,144 | +€13,630 | +302% |
| Deferred charges and accrued income | 490/1 | - | €124 | +€124 | |
| Total equity and liabilities | 10/49 | €37,997 | €69,714 | +€31,716 | +83.5% |
| Equity | 10/15 | €23,595 | €46,995 | +€23,400 | +99.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €25,259 | +€23,400 | +1,259% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | - | €23,400 | +€23,400 | |
| Profit (loss) carried forward | 14 | €3,144 | €3,144 | = | 0.0% |
| Amounts payable | 17/49 | €14,403 | €22,719 | +€8,316 | +57.7% |
| Amounts payable within one year | 42/48 | €14,403 | €22,719 | +€8,316 | +57.7% |
| Current portion of amounts payable after more than one year | 42 | - | €8,000 | +€8,000 | |
| Trade debts | 44 | €7,447 | €2,415 | -€5,032 | -67.6% |
| Suppliers | 440/4 | €7,447 | €2,415 | -€5,032 | -67.6% |
| Taxes, remuneration and social security | 45 | €6,956 | €12,304 | +€5,348 | +76.9% |
| Taxes | 450/3 | €6,956 | €12,304 | +€5,348 | +76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115 | €174 | +€60 | +51.9% |
| Other operating charges | 640/8 | €613 | €2,182 | +€1,569 | +256% |
| Gross operating margin | 9900 | -€660 | €39,192 | +€39,852 | |
| Operating profit (loss) | 9901 | -€1,388 | €36,835 | +€38,224 | |
| Financial income | 75/76B | €1,146 | €1,217 | +€71 | +6.2% |
| Recurring financial income | 75 | €1,146 | €1,217 | +€71 | +6.2% |
| Financial charges | 65/66B | €345 | €664 | +€319 | +92.5% |
| Recurring financial charges | 65 | €345 | €664 | +€319 | +92.5% |
| Profit (loss) for the period before taxes | 9903 | -€587 | €37,388 | +€37,976 | |
| Income taxes | 67/77 | €1,293 | €13,988 | +€12,696 | +982% |
| Profit (loss) for the period | 9904 | -€1,880 | €23,400 | +€25,280 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,880 | €23,400 | +€25,280 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.